MNP Debt Blog

According to Statistics Canada, the annual inflation rate in Canada jumped 1.6% in December. Much of this increase can be attributed to the rising costs of groceries.

Considering today's economic climate, it would not be surprising to hear that many have replaced financial planning with financial survival.

January is the month where consumers cry the blues about the money they spent over the holidays. To help alleviate this added stress the local MNP offices serving the Niagara Region have been giving back to the community.

Trying to maneuver through unmanageable debt can be exhausting and overwhelming. Even more so if you are trying to navigate your finances from a secondary location.

As we begin the month of February and bills from the holiday season have arrived, it's probably difficult to make planning and budgeting for the future a priority.

While it’s perfectly natural to want to go ‘all out’ during the holiday season, it’s important to recognize the true cost of splurge spending.

It’s that time of year. The bills from the holiday season are starting to roll in and given the tough economic climate and significant job losses, many Canadians are going to find they are in debt beyond their means.

‘Tis the season to be…managing all that debt you accumulated as you got swept up in the holiday season?

Low interest rates and readily available credit have caught a lot of consumers in the trap of the ‘have now pay later’ trend. In fact, Canadian consumers are already spending 163% of their income.

Debt is often caused by life circumstances such as a job loss or a divorce, or simply by spending beyond your means.